Answer:
12.2
Step-by-step explanation:
Answer:
OptionB
Step-by-step explanation:
Simply double 12 (times by 2), then subtract 5 from your product.
12 x 2 = 24
24 - 5 = 19
Greg is 19 yrs old
A useful formula for finding the effective rate on discounted notes is
.. (effective rate) = r/(1 -rt)
If we assume a 52-week year, the t = (13 weeks)/(52 weeks) = 1/4.
.. (effective rate) = 0.0385/(1 -0.0385/4) ≈ 0.038874 ≈ 3.89%